Potatoes cost Janice $1.25 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth $1.14, the third pound is worth $1.05, and all subsequent pounds are worth $0.30, how many pounds of potatoes will she purchase? What if she only had $2.00 to spend?
Janice will purchase with her original $5.00 of income.
Janice will purchase when her income is $2.00
Answers
Answer:
1 pound is the correct answer to the given question .
Explanation:
AS the Janice is priced at the cost of $1,50 for the 1 pound of potatoes also the cost of the $1,14 for the second pound of the potatoes .
It simply means that if the cost is $1.25 per pound for the Potatoes , it provides the market excess from the 1 pound of the potatoes but the average willing to spend the drop below the second pound cost of Potatoes .
So Janice will purchase with the original $5.00 of income. as well as the income is $2.00 for the \(1 \ pound\)
Related Questions
onsumer Economics: Tutorial
Part E
At what wage rate will there be excess labor supplied in the market?
Answers
Excess labor supply in the market occurs when the wage rate is above the equilibrium level.
Consumer economics refers to the study of how individuals and households make decisions about what they consume, how they save and invest, and how they allocate their resources.The wage rate at which there will be an excess supply of labor in the market is known as the equilibrium wage rate. This means that the quantity of labor demanded equals the quantity of labor supplied.
At a wage rate above the equilibrium level, there is a surplus of labor available as the quantity supplied of labor is greater than the quantity demanded for labor. On the other hand, at a wage rate below the equilibrium level, there is a shortage of labor as the quantity demanded of labor is greater than the quantity supplied for labor. Thus, the equilibrium wage rate is essential to maintain stability in the labor market.The equilibrium wage rate is determined by the forces of demand and supply.
The demand for labor arises from the demand for goods and services that labor produces. The supply of labor arises from the willingness of people to work at a particular wage rate. The equilibrium wage rate is the wage rate where the quantity of labor demanded is equal to the quantity of labor supplied in the market.Therefore, excess labor supply in the market occurs when the wage rate is above the equilibrium level.
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explain why you think you would prefer to rent or buy? When you think about being 22 years old, do you think your answer will be the same or different? Explain.
Answers
Answer:Being 22 I would not buy as i would trust my judgment skills on where the market is, and don't think I'd have an extra $300k sitting around to buy a house. So rent is the large solution for that. I will have my house provided by the Gov. (joining the marines)
Explanation:
which of the following is an example of an executive agreement?
The president changes a regulation on undocumented immigrant status without congressional approval.
The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
The president issues recommendations to the Department of Justice on what the meaning of a new criminal statue is.
The president negotiates an agreement with China and submits it to the Senate for ratification
Answers
The Correct example of an executive agreement is b) The president signs legally binding nuclear arms terms with Iran without seeking congressional approval.
What is Executive Agreement?An executive agreement is a pact between the leaders of two or more countries that has not been approved by the legislature in the same way that treaties are approved. To distinguish them from treaties, which are legally binding, executive agreements are seen as having political force.Executive agreements are less formal than treaties and do not require ratification by two-thirds of the U.S. Senate. They are agreements between the United States and a foreign government.After 1939, executive agreements were used a lot more frequently. Between 1940 and 1989, during World War II and the Cold War, presidents signed almost 800 treaties but negotiated more than 1,200 executive agreements, compared to the 800 treaties that the U.S. Senate had ratified before to 1940 and the 1,200 executive agreements that they had formed.To learn more about Executive agreement refer to:
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In query Design view, what does the asterisk represent?
all fields
all tables
the primary key
O the field description
Answers
Answer:
Explanation:
All fields
Answer:
(D) all fields
Explanation:
Both the federal government and the state governments share the power to
A. operate post offices.
B. establish and maintain schools.
C. register patents for new inventions.
D. impose taxes.
Answers
Answer: I think its D
Explanation: because they have the power to to tax, make enforce laws, and charter banks
this memo is to inform you that the team has compiled the basic fundamentals of the accounting procedure, and we have noted that there is a serious interest in column d of the excel spreadsheet. the team has finished the accounting assignment. please review our questions in column d. this memo is to inform you that the team has put together the accounting assignment. there is a potential opportunity for error in column d of the excel spreadsheet. the team has reached an end result with the accounting assignment. please take a serious interest in column d of the excel spreadsheet.
Answers
This message is intended to let you know that the team has completed the accounting task and has prepared the essential accounting principles. Please take a look at column D for our queries.
What is accounting principles ?Accounting basics involve the teaching of records, which is the main purpose of accounting. Information should be stored using standard forms so that it may be retrieved when necessary. All transaction-related purposes need the maintenance of comprehensive and accurate records.The Sales Enablement Principle, Matching Principle, Trait Principle, and Consistency Principle are some of the most notable ones. The Core Principles guarantee completeness by requiring that all significant business transactions be taken into account in the annual financial statements.The regulations and standards that organizations and other bodies must abide by while reporting financial data are known as accounting principles. By establishing uniform words and procedures for accountants, these regulations facilitate the analysis of financial data.The most popular set of accounting principles is called International Financial Reporting Standards (IFRS), and it has been adopted by 167 different countries. General accepted accounting principles (GAAP), which are unique to the United States, are used in the country's financial reporting.To Learn more About accounting principles Refer To:
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President Trump back story
Answers
Donald John Trump was born on June 14, 1946, in Queens, New York City. He is an American businessman, television personality, author, and politician who served as the 45th President of the United States from 2017 to 2021. Throughout his life and career, Trump has been known for his larger-than-life personality and his penchant for controversy.
Trump attended Fordham University for two years before transferring to the Wharton School of the University of Pennsylvania, where he earned a degree in economics. He took over his family's real estate business and quickly established himself as a shrewd businessman, expanding the company into a global empire with properties and investments around the world. Trump's business ventures have included everything from luxury hotels and golf courses to beauty pageants and reality television shows.
Trump became a prominent figure in American media in the late 1970s and 1980s as the owner and developer of many high-profile properties in New York City. His name became synonymous with success and wealth, and he became a fixture in the tabloids and gossip columns. In 2004, Trump began hosting and producing the reality television show, "The Apprentice," which became a cultural phenomenon and ran for 11 seasons over the course of 11 years.
In June 2015, Trump announced his candidacy for president of the United States, becoming the first major-party presidential candidate without prior political or military experience since Dwight D. Eisenhower. He campaigned on a platform of "Make America Great Again," promising to put America first and to restore the country's standing in the world. His campaign was marked by controversy, including inflammatory remarks about immigrants and minorities, but he ultimately won the election in November 2016.
After a controversial campaign and election, Trump was sworn in as president on January 20, 2017. Throughout his presidency, he faced numerous controversies and challenges, including a contentious relationship with the media and frequent clashes with members of Congress and other politicians. He was impeached twice by the House of Representatives, first in December 2019 and again in January 2021, becoming the only president in U.S. history to be impeached twice. His presidency ended on January 20, 2021, when Joe Biden was inaugurated as the 46th President of the United States.
The speed with which utility companies can resolve problems is very important. GTC, the Georgetown Telephone Company, reports it can resolve customer problems the same day they are reported in 70% of the cases. Suppose the 12 cases reported today are representative of all complaints.
a-1. How many of the problems would you expect to be resolved today? (Round your answer to 2 decimal places.)
a-2. What is the standard deviation? (Round your answer to 4 decimal places.)
b. What is the probability 6 of the problems can be resolved today? (Round your answer to 4 decimal places.)
c. What is the probability 6 or 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)
d. What is the probability more than 7 of the problems can be resolved today? (Round your answer to 4 decimal places.)
Answers
Answer:
Explanation:
a-1. We can use the expected value formula to find the number of problems we would expect to be resolved today:
Expected value = Number of cases reported x Probability of resolution
Expected value = 12 x 0.7
Expected value = 8.4
Rounding to 2 decimal places, we would expect 8.40 problems to be resolved today.
a-2. To find the standard deviation, we can use the formula:
Standard deviation = √(n x p x (1 - p))
where n is the number of cases reported and p is the probability of resolution. Substituting in the values given, we get:
Standard deviation = √(12 x 0.7 x (1 - 0.7))
Standard deviation = √(3.36)
Standard deviation = 1.8326
Rounding to 4 decimal places, the standard deviation is 1.8326.
b. To find the probability that 6 of the problems can be resolved today, we can use the binomial probability formula:
P(X = x) = (nCx) * p^x * (1 - p)^(n - x)
where n is the number of cases reported, p is the probability of resolution, x is the number of cases that can be resolved, and nCx is the binomial coefficient (nCx = n! / x!(n-x)!).
Substituting in the values given, we get:
P(X = 6) = (12C6) * 0.7^6 * (1 - 0.7)^(12 - 6)
P(X = 6) = (924) * 0.7^6 * 0.3^6
P(X = 6) = 0.0482
Rounding to 4 decimal places, the probability that 6 of the problems can be resolved today is 0.0482.
c. To find the probability that 6 or 7 of the problems can be resolved today, we can use the same formula as in part (b), but we need to calculate the probabilities separately for 6 and 7, and then add them together:
P(X = 6 or X = 7) = P(X = 6) + P(X = 7)
P(X = 6 or X = 7) = (12C6) * 0.7^6 * 0.3^6 + (12C7) * 0.7^7 * 0.3^5
P(X = 6 or X = 7) = 0.0482 + 0.1254
P(X = 6 or X = 7) = 0.1736
Rounding to 4 decimal places, the probability that 6 or 7 of the problems can be resolved today is 0.1736.
d. To find the probability that more than 7 of the problems can be resolved today, we can use the complement rule and subtract the probability of 7 or fewer problems being resolved from 1:
P(X > 7) = 1 - P(X ≤ 7)
P(X > 7) = 1 - [P(X = 0) + P(X = 1) + P(X = 2) + P(X = 3) + P(X = 4) + P(X = 5) + P(X = 6) + P(X = 7)]
P(X > 7) = 1 - [(12C0) * 0.7^0 * 0.3^12 + (12C1) * 0.7
Concentration ratios measure the Group of answer choices geographic location of the largest corporations in each industry. degree to which product price exceeds marginal cost in various industries. percentage of total industry sales accounted for by the largest firms in the industry. number of firms in an industry.
Answers
Answer:
percentage of total industry sales accounted for by the largest firms in the industry.
Explanation:
The concentration ratio calculated the market share percentage for an industry and the same is held by the larger firms inside the industry. Also it determined the total output that could be generated from the number of firms in the industry
Therefore as per the given options, the above options should be considered correct
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Answers
Based on the cost of production by Stam Company, the overhead rate which is applied to the jobs are:
Data and Calculations:
Job 306 Job 307 Job 308
Balances on March 31
Direct materials used (in March) $33,600 $41,900
Direct labor used (in March) $24,600 $20,300
Overhead applied (March) $12,300 $10,150
Costs during April
Direct materials used $139,000 $226,900 $102,000
Direct labor used $94,200 $161,500 $107,300
Overhead applied $55,600 $77,500 $52,500
($94,200 × 50%) ($161,500 × 50%) ($107,300 × 50%)
Job 306 - $47,100
Job 307 - $80,750
Job 308 - $53,650
The overhead rate applied for Job 306 in April is:
= Direct labor cost x 50%
= 94,200 x 50%
= $47,100
The overhead applied for Job 307 in April is:
= 161,500 x 50%
= $80,750
The overhead for Job 308 in April is:
= 107,300 x 50%
= $53,650
Hence, based on the cost of production by Stam Company, the overhead rate applied to the jobs are calculated above.
The given question is incomplete, the complete question is-
Stam Company shows the following costs for three jobs worked on in April. Job 306 Job 307 Job 308 Balances on March 31 Direct materials (in March) $ 33,600 $ 41,900 Direct labor (in March) 24,600 20,300 Applied overhead (March) 12,300 10,150 Costs during April Direct materials 139,600 226,900 $ 102,300 Direct labor 94,200 161,500 107,300 Applied overhead ? ? ? Status on April 30 Finished (sold) Finished (unsold) In process Additional Information Raw Materials Inventory has a March 31 balance of $91,500. Raw materials purchases in April are $504,600, and total factory payroll cost in April is $388,300. Actual overhead costs incurred in April are indirect materials, $52,300; indirect labor, $25,300; factory rent, $34,300; factory utilities, $21,300; and factory equipment depreciation, $55,600. Predetermined overhead rate is 50% of direct labor cost. Job 306 is sold for $650,000 cash in April.
Enter debits before credits. Transaction General Journal Debit Credit a. Record entry Clear entry View general journal 4. Prepare a schedule of cost of goods manufactured for the month end April 30. Stam Company Schedule of Cost of Goods Manufactured For Month Ended April 30 Total manufacturing costs Total cost of work in process Cost of goods manufactured.
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what is 4 P's in entrepreneur
Answers
Answer:
passion, persistence, perseverance, and preparation
Explanation:
Which is a "pro" of investing in bonds?
O A. Bonds are a high-risk investment
B. Bond rates tend to be more stable than stocks
C. Bonds pay a monthly dividend
D. Bonds offer higher yields than most stocks
Answers
Market research can help you strategize your _______ and _______ goals.
Primary research is more _______ than secondary research.
Your first marketing priority is to find out if you can _______ your product or services.
The grouping of people for marketing purposes is called _______.
Once you find out what people want, there’s a need to know the _______ for their choices.
Answers
Market research can help you strategize your business and marketing goals.
Primary research is more specific and tailored to your specific needs than secondary research.
Your first marketing priority is to find out if you can sell your product or services.
The grouping of people for marketing purposes is called segmentation.
Once you find out what people want, there's a need to know the motivations for their choices.
Market research plays a critical role in shaping business and marketing strategies by providing valuable insights into customer preferences, market trends, and competitive landscapes. It helps in identifying target markets, understanding customer needs, and developing effective strategies to achieve business and marketing goals.
By conducting research, businesses can gather data and information to inform their decision-making and ensure that their goals are aligned with customer expectations and market opportunities.
Primary research involves gathering firsthand data directly from the source, such as through surveys, interviews, or observations. It is more specific and focused on the unique needs and objectives of a particular study. Secondary research, on the other hand, involves using existing data and information from published sources.
While secondary research provides a broader understanding of a topic, primary research allows for more control and customization of the research process to address specific research objectives.
When launching a new product or service, one of the primary marketing priorities is to determine if there is a demand for it in the market.
Market research helps in assessing the viability and potential success of a product or service by gathering insights on customer preferences, needs, and market conditions. This information enables businesses to make informed decisions about product development, positioning, pricing, and marketing strategies.
Segmentation is the process of grouping individuals with similar characteristics or behaviors into distinct segments for marketing purposes.
By segmenting the market, businesses can target specific groups that are most likely to be interested in their products or services. Market segmentation allows for more personalized and targeted marketing strategies, resulting in better customer engagement and increased marketing effectiveness.
Once businesses identify what people want through market research, it becomes crucial to understand the motivations behind their choices. This involves delving deeper into the underlying reasons, preferences, and factors that drive consumer behavior.
By understanding the motivations behind consumer choices, businesses can tailor their marketing messages, product features, and overall customer experience to better align with customer needs and increase the chances of success in the market.
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PLEASE HELP!
Describe a research process to learn more about colleges:
a. What type of college do you plan to attend and what type of degree do you plan to earn?
b. Describe at least three tools or events you will use to research the type of school you will attend.
Answers
a. To determine the type of college and degree I plan to pursue, I would begin by assessing my interests, career goals, and personal preferences.
b. To research the type of school I will attend, I would utilize several tools and events.
a. I would consider factors such as the field of study I'm interested in, the location, the size of the institution, and any specific program requirements. By thoroughly researching various college options and exploring different degree programs, I can make an informed decision about the type of college and degree that aligns with my aspirations.
b. Firstly, I would explore college search websites like College Board's Big Future or Niche to gather information about different colleges, their programs, admission requirements, and student reviews.
Secondly, attending college fairs or virtual college events would provide an opportunity to directly interact with representatives from different institutions and gather firsthand information.
Additionally, I would make use of college guidebooks and publications to gain insights into the reputation, rankings, and overall quality of the colleges under consideration.
These three tools and events would provide a comprehensive perspective on the colleges and assist me in making an informed decision about the type of school I plan to attend.
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as a supervisor how to deal with gossiping in your workplace?
Answers
Which of the following is more of an investment company in nature than a bank ?
A. Brokerage firm B. Commercial bank C. Savings and loans bank D. Credit union
Answers
Answer:
Explanation: A is the correct answer, I clicked a and it was correct.
Which of the following is an example of a disadvantage associated with a
partnership?
1) unlimited liability
2)
possibility of more available credit
3) diversity of management
4) flexibility
5) ease of formation
Answers
Unlimited liability is an example of a disadvantage associated with a partnership. Hence, option A is appropriate.
What is the meaning of partnership?Partnership is an important term randomly used by almost everyone. the main purpose of a Partnership is to look after the merger of two or individuals in the case of a company or business. A partnership means to give companionship or to partner with another person in case of business.
In the case of Business when there is a partner then the company is divided among two individuals who are compatible in their ways and thus can successfully run a Company or a business together.
The partnership-owned businesses also must gain all the profits and losses of the company. That is the partners should stand together in their business side by side in all the ups and downs. Hence, option A is correct.
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July 1 purchased 6,300 of merchandise on credit from tahoe company invoice dated june 30, terms 2/10, n/30
Answers
Product Inventory -$6,300 debit
Invoices Payable -$6,300 credit
Which inventory do you refer to?All the materials, products, and other items that a company keeps on hand with both the goal of reselling these for a profit are collectively referred to as inventory. As an illustration, merely the item will indeed be considered inventory if a newspaper seller uses a van to distribute newspapers to clients.
What does inventory actually imply at work?Inventory consists of goods or resources that a business intends to resale to customers at a profit. Merchandise management, a key element of the supply chain, involves tracking inventory from manufacturers through storage and from these places to a point of sale.
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Please help with the highlighted part. this is a practice essay
Answers
Answer:
Expansion: A speedup in the pace of economic activity defined by high growth, low unemployment, and increasing prices.
Peak: The upper turning point of a business cycle and the point at which expansion turns into contraction.
Contraction: A slowdown in the pace of economic activity defined by low or stagnant growth,...
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Explanation:
Which taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond? a. A taxpayer who won a mega-million-dollar lottery b. The average low income worker c. They would all equally benefit from the tax-free municipal bond d. A taxpayer whose only income is from Social Security
Answers
The taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond is taxpayer who won a mega-million-dollar lottery
Who is taxpayer?A tax payer is an individual who pays tax, the tax is paid based on income generated and it is computed and paid to the government.
Therefore, The taxpayer would benefit the most from a tax-free municipal bond compared to a taxable bond is taxpayer who won a mega-million-dollar lottery
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According to the above material, there exist large differences between economic growth rate using traditional expenditure approach and the satellite night-light data. How do you evaluate the night-light data method? and can you identify several reasons why there exists such differences?
Answers
The use of satellite night-light data as a method to evaluate economic growth has both strengths and limitations. Reasons for Differences between Traditional Expenditure Approach and Night-light Data: Informal Economy, Data Limitations, Urbanization Bias and Structural Changes.
Here is an evaluation of the night-light data method and several reasons for the differences observed between the traditional expenditure approach and the night-light data:
Evaluation of the Night-light Data Method:
Objective and Timely: Satellite night-light data provides an objective and timely measure of economic activity. Wide Coverage: Night-light data can cover large geographical areas, including remote and inaccessible regions. Granularity: The data can be analyzed at a fine-grained level, allowing for detailed spatial analysis of economic patterns. This can help identify pockets of growth and disparities within regions.Reasons for Differences between Traditional Expenditure Approach and Night-light Data:
Informal Economy: The traditional expenditure approach relies on official economic data, which may not fully capture the informal sector. Data Limitations: Night-light data has its limitations. It primarily measures economic activity related to lighting, which may not capture other dimensions of economic growth such as services or knowledge-based industries. Urbanization Bias: Night-light data tends to be more representative of urban areas with higher population density and greater access to electricity. Structural Changes: The traditional expenditure approach focuses on consumption and investment, while night-light data primarily captures the energy consumption associated with lighting.For such more question on economic:
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Low return investments are sometimes a better option than high return investments because :
Answer:
D.) They are less likely to cause the investor to lose money.
Explanation:
Its on ApX
Answers
Answer:
Low return investments are sometimes a better option than high return investments because :
Answer:
D.) They are less likely to cause the investor to lose money.
Explanation:
The above assertion depends on the risk appetite of the investor concerned. Another investor with high risk profile may prefer a high risk, high return investment to a low return investment. Risk cannot be removed from the return of an investment because there is a trade-off. The higher the risk involved in an investment, the higher the expected returns. The converse is also true. What decides the chosen option is the investor's risk appetite and the availability and type of investments.
Answer: They are less likely to cause the investor to lose money.
Explanation:
Precision Systems manufactures CD burners and currently sells 18,500 units annually to producers of laptop computers. Jay Wilson, president of the company, anticipates a 15 percent increase in the cost per unit of direct labor on January 1 of next year. He expects all other costs and expenses to remain unchanged. Wilson has asked you to assist him in developing the information he needs to formulate a reasonable product strategy for next year.
You are satisfied that volume is the primary factor affecting costs and expenses and have separated the semivariable costs into their fixed and variable segments. Beginning and ending inventories remain at a level of 1,000 units. Current plant capacity is 20,000 units. The following are the current-year data assembled for your analysis.
Sales price per unit $100
Variable costs per unit:
Direct materials $10
Direct labor $20
Manufacturing overhead and selling and administrative expenses 30 60
Contribution margin per unit (40%) $40
Fixed costs $390,000
Required:
a. What increase in the selling price is necessary to cover the 15 percent increase in direct labor cost and still maintain the current contribution margin ratio of 40 percent?
b. How many units must be sold to maintain the current operating income of $350,000 if the sales price remains at $100 and the 15 percent wage increase goes into effect?
c. Wilson believes that an additional $700,000 of machinery (to be depreciated at 20 percent annually) will increase present capacity (20,000 units) by 25 percent. If all units produced can be sold at the present price of $100 per unit and the wage increase goes into effect, how would the estimated operating income before capacity is increased compare with the estimated operating income after capacity is increased? Prepare schedules of estimated operating income at full capacity before and after the expansion.
Answers
a. An increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b.The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The required sales volume is 18,500 units.
c. The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units
a. To maintain the current contribution margin ratio of 40 percent, the selling price per unit needs to be increased by 20 percent [(15 percent wage increase) / (current contribution margin ratio)].
Therefore, an increase of $20 per unit is necessary to cover the 15 percent increase in direct labor cost and maintain the desired contribution margin ratio.
b. To maintain the current operating income of $350,000, the number of units that must be sold can be calculated using the contribution margin ratio.
The fixed costs and desired operating income remain the same, so the contribution margin per unit of $40 is used. The formula for calculating the required sales volume is:
(Number of units) = (Fixed costs + Desired operating income) / Contribution margin per unit
Plugging in the values, we have:
(Number of units) = ($390,000 + $350,000) / $40 = 18,500 units
c. Before the capacity expansion, the estimated operating income can be calculated using the current production and sales volume of 18,500 units.
The estimated operating income after capacity expansion can be determined by increasing the production and sales volume by 25 percent, i.e., 23,125 units.
The schedules of estimated operating income at full capacity before and after the expansion can be prepared by multiplying the respective sales volumes with the contribution margin per unit and subtracting the fixed costs and the wage increase.
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Allowance for Doubtful Accounts has a credit balance of $463 at the end of the year (before adjustment), and bad debt expense is
estimated at 2% of sales. If credit sales are $552,500, the amount of the adjusting entry to record the estimated uncollectible accounts
receivable is
a. $11,050
b. $10,587
c. $11,513
d. $463
Answers
Answer:
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Explanation:
The___ rate is the rate of change in prices calculated on a monthly or yearly basis
Answers
Answer: A.) INFLATION
Explanation: prices of goods and services are usually prone to change and fluctuation from time to time. The change usually associated with inflation is an increase in price of commodities within a certain period of time. In other to adequately measure inflation, the change in prices of certain economic commodities are compared over an equal time interval either monthly, quarterly or yearly basis as the case may be.
It is calculated as the ratio of the difference between the price of goods between the base and current period to the price at the base period expressed as a percentage. Fall or decline in prices of goods and services is usually called deflation
Directions
1. Using the information learned in Unit 4, create a company, including the creation of a product or
service.
2. Next, create the advertising for that product or service to reach a target market. Advertising can
include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a
target market.
3. Finally, explain how you will use the elements of a marketing mix. Remember if you create a
business that is an industry you need to use the 4P's (product, price, place, and promotion). If you
choose to create a service business, you need to use the 7P's (product, price, place, promotion,
people, process, and physical).
Question #1
Answers
Answer: et. Advertising can
include a flyer, brochure, commercial, video, website, etc. Make sure you are advertising to a
target market.
3. Finally, explain how you will use the elements of a marketing mix. Remember if you create a
business that is an industry you need to use the 4P's (product, price, place, and promotion). If you
choose to create a service business, you need to use the 7P's
Explanation:
pls help i will give branlyist
Choose a specific administrative support job. Then explain the type of multitasking a person might have to do in that job.
Give an example of a clear subject line for an email and an unclear subject line. Then explain why the clear subject line is better.
Answers
The administrative position of human resources entails multiple tasks, including payroll, hiring, recruiting, preserving the work environment, and others.
Describe human resources.?Human resources professionals hire, interview, and screen job prospects as well as designate positions for newly hired personnel. They could also be in charge of pay and benefits, employee relations, and training. Professionals in labor relations supervise and assess employment contracts.
Processing payroll, writing job descriptions, establishing workplace norms, and purchasing benefits are all common HR administration tasks.
Thus, the administrative position is in human resources.
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Using any of the popular business periodicals (such as Bloomberg BusinessWeek,
Fortune, Wall Street Journal, Fast Company), find examples of managers doing each of
the four management functions. Write up a description and explain how these are
examples of that function.
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The four management functions are
PlanningOrganizingLeadingControllingWhat is a Manger?Generally, "to manage" is "to predict and plan, to organize, to command, to co-ordinate, and to control," as stated by Henri Fill.
It is described by Fredmend Malik as "the translation of resources into usefulness."
In addition to machinery, raw materials, and financial resources, management is considered to be one of the elements that determine output.
The following is a list of the four management functions that managers are responsible for:
Planning:
Setting goals and choosing a course of action to achieve them are both part of the management task of planning. Managers must foresee future situations and be aware of the current environmental factors affecting their firm. Managers must also have strong decision-making skills.
Organizing
The management function of organizing entails creating an organizational structure and assigning human resources to guarantee the achievement of goals. The foundation for coordinating efforts is the organizational structure.
Leading
The informal and social networks you utilize to motivate people to take action are examples of leadership. If managers are good leaders, their staff members will be eager to work hard to meet organizational goals.
Controlling
Controlling entails making sure that performance adheres to norms. Three phases make up controlling: setting performance criteria, assessing actual performance against those standards, and, if required, remedial action. Although performance criteria are often expressed in monetary terms like revenue, costs, or profits, they may also be expressed in other ways like the number of faulty items produced, the number of units produced, or the levels of quality or customer service.
Planned performance criteria or targets are needed for effective controlling. Controlling needs knowing who is responsible for standards violations. Budget and performance audits are classic controls. Audits verify records and supporting documentation.
A budget audit shows how the company is doing compared to its budget, whereas a performance audit examines if the data given are accurate. Managers must oversee production and operations, service delivery, compliance with corporate regulations, and many other organizational tasks.
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Overtis-1. Beginning inventory, purchases, and sales for fem "X" are as follows Beginning Inventory April, 1 S 15 57 units at $14 29 40 units Assuming a perpetual inventory system and using the first-in. first-out (110), lost-in-first-out (LIFO) Average costing methal, determine (0) The cost of goods sold on April 29 & (i) The cost of ending inventory on April 30. 47 Quests -2 Estimate the cast of goods sold & ending inventory by the gross profit method given the following data: Beginning inventory Bir 40,000.00, net purchases Bir 100,000.00, net sales Birr 112,000.00, press profit rate of 25% of net sales. Quotes J. Machinery purchased for Br 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of Br 20,000 Required: Compute the annual tyearly) depreciation expense for each of the five years, by using; a) Straight-line depreciation method. b) Double-declining balance depreciation method c) Sum-of-the-years-digits method d) If the machinery is expected to have a useful life of 18,000 operating hours & was operated during the year I through year 5. 4100 hours, 2.700 hours, 4.200 hours 3.000 hours and 100 hours Compute the annual (yeatly) depreciation expense for each of the five years, by using the Units of-Production Method. 4 Rainbow Mining Co acquired mineral rights for the 30,000,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 11,250,000 tons were mined and sold Required: A Determine the amount of depletion expense for the current year B. Joumalize the adjusting entry to recognize the depletion expers.
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Bill's Auto Repair received a customer payment of $1,000. Which entry is appropriate with a compound journal entry
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The appropriate entry with a compound journal entry is a debit to Cash Discounts arising from the customer paying within the discount window.
For instance, the receipt may be recorded by Bill's Auto Repair as follows:
Debit Cash $1,000Debit Cash Discounts $50Credit Accounts Receivable $1,050What is a compound journal entry?A compound journal entry involves more than one debit and more than one credit. it combines several journal entries. In this case, the customer could have paid $1,050 including Cash Discounts (of $50) allowed to the customer.
Thus, the appropriate entry for a compound journal entry may involve an entry for cash discounts.
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